uanalyze
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September 28
- The Operation Model of Semiconductor Equipment Companies: Insights from ASML's Exposure Machine Product Life Cycle➀ ASML's exposure machine product development requires years of research and development, especially EUV technology; ➁ ASML's supply chain operation is complex but well-managed, with each component produced and delivered precisely; ➂ ASML's business model is based on long-term customer relationships and multiple income sources, including sales, upgrades, maintenance, and after-sales services.
August 31
- Transitioning to a Research-Oriented Company: A Case Study on Phison Electronics➀ Phison Electronics has significantly increased its R&D expenditure from less than 1 billion to over 3 billion per quarter. ➁ The R&D expense ratio has also risen from under 5% to over 20% of revenue, indicating a substantial shift towards R&D-focused operations. ➂ This transformation reduces the company's vulnerability to cyclical fluctuations in consumer products, enhancing its long-term competitiveness.